Featured chart by StockCharts.com Elliott Wave analysis by Raul Fernando Luna Toro BTC/USDT opened at $22430.24 hit in intraday high of $22508.00, a low of $22258.00 and is now trading at $22393 so far this morning. So far this morning BTC/USDT Binance bar is inside yesterday’s bar as it trades in what is probably a…
Bitcoin Under Pressure
Featrued chart by StockCharts.com Elliott Wave Analysis by Raul Fernando Luna Toro Bitcoin Price Action Bitcoin USDT Binance opened at $23465.32 moved up slightly to an intraday high of $23476.95 then dumped through support to an intraday low of $21971.13. The benchmark crypto is now trading at the $22339 and change. BTC/USDT Elliott Wave Analysis…
Elliott Wave Structure Warning Correction
Featured chart by StockCharts.com Elliott Wave analysis by Raul Fernando Luna Toro BTC/USDT opened today at $23629.76 put in an intraday high of $2376.93 and intraday low of $23195.90. The crypto is now trading at $23303 and change. Average True Range for the last 14 days is $994.089 bucks a day. Elliott Wave Analysis Daily…
Bitcoin Tests Critical Support!
Featured chart by StockCharts.com Technical analysis by Raul Fernando Luna Toro Daily price action Bitcoin is up +2.89% so far this morning. The benchmark crypto opened at 23134.20 moved down to a low at $20037.24 before moving up strongly to a intraday high of $23962.77. Currently, price is trading at the $23757.05. Elliott Wave analysis…
Bitcoin Tests Critical Support!
Featured Image by StockCharts.com Technical Analysis by Raul Fernando Luna Toro Elliott Wave Analysis Saturday Bitcoin hit an intraday low of $21351.07 testing Minor Degree lower trend line support. Sunday the crypto moved up to an intraday high of 23689.99 before closing at 23554.85. So far today price has pushed up to a new directional…
BTC Corrects Bull Run!
Featrued chart by Stockcharts.com Elliott Wave Analysis by Raul Fernando Luna Toro BTC is sliding quickly to Minor Degree lower channel trend line. And given the complete impulse at %25250.00, chances are good the benchmark crypto is most likely pushing through this support. The 21351.07 Minor degree low is the next support level and a…
Bitcoin to Correct Bull Run
EWFOREX.NET Featured Chart by Stockcharts.com Technical Analysis by Raul Fernando Luna Toro Price Action The Bitcoin uptrend seems to have ended. Price reached two intraday highs of $25250 on Feb 16 and Feb 21, forming a double top pattern. Currently, the cryptocurrency has fallen and is trading at the $23700, which is slightly above yesterday’s…
FOMC Forewarns Rate Hikes
EWFOREX.NET Economic Fundamentals tradingeconomics.com Technical Analysis by Raul Fernando Luna Toro Fundamentals During the first monetary policy meeting of 2023, the US Federal Open Market Committee (FOMC) discussed the possibility of increasing the federal funds rate by 25 basis points. According to the previous minutes meeting, nearly all FOMC members believed that such a rate…
Las acciones estadounidenses se desploman y empañan el sentimiento global.
Raul Fernando Luna Toro EWFOREX.NET Technical Analysis Para medir el sentimiento financiero en Estados Unidos y en el mundo, no hay mejor indicador que el mercado de valores estadounidense. El índice SPX500 acaba de caer por debajo del mínimo entredía del viernes y ahora está probando la línea de tendencia del canal bajista de Minute…
El crecimiento de la actividad empresarial de la zona euro alcanza un máximo de 9 meses
EWFOREX.NET Economic Fundamentals by TradingEconomic.com Technical Analysis by Raul Fernando Luna Toro Economic Fundamentals La estimación preliminar mostró que el PMI compuesto de S&P Global Eurozone aumentó a 52.3 en febrero de 2023, frente a 50.3 del mes anterior y superando fácilmente el consenso del mercado de 50.6. La lectura más reciente indicó la expansión…